LEASE
AGREEMENT
LEASE
AGREEMENT made this _______________________ (Month & Day), _____ (Year),
between _________________________________________, with an address at
_______________________________________ (hereinafter referred to as
"Landlord") and _________________________, with an address at
__________________________ (hereinafter referred to as "Tenant").
IT
IS THEREFORE AGREED:
1. PREMISES:
The Landlord shall lease to the Tenant the premises located at:
______________________________________________________________________
2. LEASE TERM:
The term of this lease shall be for a period of (_____) year(s),
commencing _______________________ (Month & Day), ______ (Year), and
terminating _______________________ (Month & Day), ______ (Year). The lease term can be extended only by
mutual agreement of the parties hereto.
3. RENTAL AMOUNT: The Tenant shall pay to the Landlord an annual sum of
___________________________ ($________) to lease the property. Rental payments shall be paid in monthly
payments, each of which shall be in the amount of _________
____________
($__________), and each of which shall be paid on the ______ day of the month.
4. OPTION TO RENEW: The Tenant shall have an option to renew this lease on the
premises for a (____________) year period upon the following terms and
conditions:
_____________________________________________________________________. The
Tenant's option to renew must be exercised in writing and must be received by
the Landlord no less than (______) days before the expiration of this lease or
any extensions thereof.
5. ARBITRATION: Any controversy or claim arising out of or relating to this lease
agreement or the breach thereof shall be settled by arbitration in accordance
with the rules then obtaining of the American Arbitration Association, and
judgment upon the award rendered may be entered and enforced in any court
having jurisdiction thereof.
6. NO VIOLATION OR BREACH: The Landlord and the Tenant warrant and
represent each to the other that the performance of this agreement does not
violate any laws, statutes, local ordinances, state or federal regulations,
regarding controlled substances, or otherwise, or any court order or
administrative order or ruling, nor is such performance in violation of any
loan document's conditions or restrictions in effect for financing, whether
secured or unsecured.
7. BENEFIT:
This agreement shall be binding upon and inure to the benefit of the
parties hereto and their legal representatives, successors and assigns.
8. NOTICES:
Any notice required or desired to be given under this agreement shall be
deemed given if in writing sent by certified mail to the addresses of the
parties to this lease agreement as follows:
Landlord: ________________________ (Name &
Address)
Tenant: __________________________ (Name &
Address)
9. CAPTIONS:
Captions are used in this agreement for convenience only and are not
intended to be used in the construction or in the interpretation of this
agreement.
10. INVALID PROVISION: In the event any provision of this agreement is held to be void,
invalid or unenforceable in any respect, then the same shall not affect the
remaining provisions hereof, which shall continue in full force and effect.
11. ENTIRE AGREEMENT: This agreement contains the entire understanding of the
parties. It may not be changed
orally. This agreement may be amended
or modified only in writing that has been executed by both parties hereto.
12. INTERPRETATION: This lease agreement shall be interpreted under the laws of the
State of _______________________.
_______________________________ _____________________
Landlord
Date
_______________________________ _____________________
Tenant
Date
